National Blog

Liberty Newswire: September 26, 2012

Despite a quiet start on Tuesday, Wall Street had its biggest decline in three months after a Federal Reserve official said he doubted the central bank’s effort to bolster economic growth would work. Charles I. Plosser, president of the Federal Reserve Bank of Philadelphia, said on Tuesday that the Fed’s effort to support the economy probably would fall short of its goals. And if the Fed looks ineffective, it could undermine future action by the central bank. - New York Times